Australia's Jindalee Resources rises on lithium, nickel unit spinoff

Jindalee Lithium

13/01/2023 04:49

** Shares of Jindalee Resources  JRL.AX  leap as much as
10.2% to A$2.05, their highest level since Dec. 15, 2022
    ** Minerals explorer says it completed the spinoff and
initial public offering of Dynamic Metals, its unit primarily
focused on lithium, nickel and gold assets
    ** IPO raises A$7 mln 
    ** As of last close, JRL down 1.3% YTD 
 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))